Apr 21, 2010. /Lesprom Network/. The Board of Directors of Sonoco declared a $.28 per share quarterly common stock dividend, an increase from the previous quarterly dividend of $.27 per share. The dividend will be payable June 10, 2010, to shareholders of record as of May 14, 2010, company said in a statement received by Lesprom Network. According to Harris E. DeLoach Jr., Chairman, President and CEO, this is the 28th consecutive year that Sonoco has increased common stock dividends and 340th consecutive quarter, dating back to 1925, that the company has paid dividends to shareholders. If annualized, Sonoco’s new dividend is projected to increase from $1.08 to $1.12 per share, an increase of 3.7%. The projected annual dividend of $1.12 per share would provide a yield of approximately 3.4%, based on the company’s closing stock price of $33.00 as of April 20, 2010. Sonoco is a global manufacturer of industrial and consumer products and provider of packaging services.